Allspring Global Investments Holdings LLC Has $166.24 Million Stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 4.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,208,101 shares of the business services provider's stock after purchasing an additional 588,460 shares during the period. Allspring Global Investments Holdings LLC owned 3.24% of Dun & Bradstreet worth $166,235,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American International Group Inc. increased its stake in shares of Dun & Bradstreet by 57.1% in the 2nd quarter. American International Group Inc. now owns 2,631 shares of the business services provider's stock valued at $40,000 after buying an additional 956 shares during the period. Advisor Group Holdings Inc. lifted its holdings in shares of Dun & Bradstreet by 287.3% in the first quarter. Advisor Group Holdings Inc. now owns 2,750 shares of the business services provider's stock valued at $48,000 after purchasing an additional 2,040 shares in the last quarter. MetLife Investment Management LLC bought a new stake in shares of Dun & Bradstreet in the first quarter valued at about $56,000. Tower Research Capital LLC TRC raised its holdings in Dun & Bradstreet by 685.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,557 shares of the business services provider's stock worth $41,000 after acquiring an additional 3,104 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Dun & Bradstreet by 5,483.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,964 shares of the business services provider's stock worth $70,000 after acquiring an additional 3,893 shares in the last quarter. 86.68% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Cannae Holdings, Inc. sold 10,000,000 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $10.09, for a total value of $100,900,000.00. Following the completion of the transaction, the director now directly owns 69,048,691 shares in the company, valued at approximately $696,701,292.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 10.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. The Goldman Sachs Group boosted their price target on Dun & Bradstreet from $10.30 to $11.50 and gave the stock a "neutral" rating in a research report on Friday, February 16th. Raymond James raised Dun & Bradstreet from an "outperform" rating to a "strong-buy" rating and set a $18.00 price target on the stock in a research report on Friday, January 5th. Finally, Needham & Company LLC lowered their price target on Dun & Bradstreet from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Friday, February 16th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $13.75.

Dun & Bradstreet Stock Up 1.2 %

Shares of Dun & Bradstreet stock traded up $0.12 on Monday, hitting $9.61. The stock had a trading volume of 2,849,046 shares, compared to its average volume of 3,654,745. Dun & Bradstreet Holdings, Inc. has a twelve month low of $8.68 and a twelve month high of $12.62. The business's 50 day moving average is $10.49 and its two-hundred day moving average is $10.51. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.63 and a quick ratio of 0.63.

Dun & Bradstreet (NYSE:DNB - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. Dun & Bradstreet had a positive return on equity of 10.65% and a negative net margin of 2.03%. The business had revenue of $630.40 million during the quarter, compared to analysts' expectations of $623.19 million. During the same period in the previous year, the company posted $0.28 earnings per share. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. Equities research analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.88 earnings per share for the current year.

Dun & Bradstreet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Wednesday, March 6th. Dun & Bradstreet's payout ratio is presently -181.82%.

Dun & Bradstreet Company Profile

Dun & Bradstreet Holdings, Inc, together with its subsidiaries, provides business-to-business data and analytics in North America and internationally. It offers finance and risk solutions, including D&B Finance Analytics, an online application that offers clients real time access to its information, comprehensive monitoring, and portfolio analysis; D&B Direct, an application programming interface (API) that delivers risk and financial data directly into enterprise applications for real-time credit decision-making; D&B Small Business, a suite of tools that allows SMBs to monitor and build their business credit file; D&B Enterprise Risk Assessment Manager, a solution for managing and automating credit decisioning and reporting; and D&B Risk Analytics, a subscription-based online application that offers clients real-time access to complete and up-to-date global information to mitigate supply chain risk, regulatory risk, and ESG assessment, as well as other related risks; Risk Guardian, a subscription-based online application that offers real-time access to Northern Europe information, monitoring, and portfolio analysis; and D&B Beneficial Ownership that offers risk intelligence on ultimate beneficial ownership.

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